HLT-WA - potential +40% gain ahead?In H1, we observed a pullback entering 61.8% support. We also observed the counter is in major uptrend and ready to form a new higher low anytime soon. Based on previous pullback, using Time-based Gann of 1.0, we expect the HL could complete somewhere ard 3-February, before doing a quick jump of +40% to 1.41.
This would be invalidated if price break support of 0.87 which breaks major uptrend.
Sentimen: Extended MCO and overvalued glove counter causing volatility of the price
TAYOR
Wa
AWANTEC-WA - ready to rebound?In H1, we observed a hammer candlestick pattern on support. Next move is possibly to test resistance at 0.500 and 0.530 (to close gap). RSI is oversold with Stochastic signals for rebound.
EP 0.420
TP 0.500 (+10%), 0.530 (+26%)
SL 0.375 (-10%)
The setup is invalidated if price close below 0.400.
Sentimen: MOU with Huawei to promote products to Government and GLCs in Malaysia, Bullish NASDAQ.
TAYOR
PRLEXUS-WA - owes a pullback?Just like any other glove stocks, this stock had a good rally in past few days. We believe the stock will continue upside momentum for a while, probably gap up, before continue with a pullback towards area of value around 0.390 (Fibo 38.2%).
Best is to wait to buy on dips in the area of value during pullback.
Sentimen: Covid cases all time high, uncontrolled situation, and possible MCO (Mandatory Control Order) in coming weeks
TAYOR
HLT-WA - possible limited upside to close exhaustion gapThe stock is highly overbought now where it already making a strong move in past few trading days. We expect the stock will continue limited upside for a few candles to close the previous exhaustion gaps and continue with a pullback (should the glove sentimen fades) towards area of value around 38.2% (1.08).
Best is to wait to buy on dip in the area of value during pullback.
Sentimen: Covid cases all time high, uncontrolled situation, and possible MCO (Mandatory Control Order) in coming weeks
TAYOR
PCCS-WA Warrant Expired 2022 Sektor Consumer ProductsMA 200 sebagai sokongan
Sell pressure mengering
Candle doji
HLT-WA potential upsideRunning through an uptrend parallel channel since 11-Sep, HLT-WA has potential to continue making Wave 5, as long as the channel didn't break. Strong support identified at 1.01 and 0.645 region.
Bankers chip still low at this point. It needs to break 50% before it could really fly.
Volume still low compared to August. With Glove-Vaccine sentiment and political uncertainty in Malaysia, the stock might have some slow movement, unless more catalyst generates in Glove sector.
This stock move inline with its big 4 brother, so this is still worth venturing.
TAYOR guys !
p/s: I'm no expert, only a newbie trader practicing my new understanding on EW. Please help guide me to the correct path if you see any room for improvement. Thanks everyone.
Leading Diagonal in Oil running out of Steam?Building on a previous post I illustrated 2 possible scenarios for the oil markets. (linked)
Having initially thought we were in the 2nd, it appears I was wrong as this current rally now has an impulsive feel to it.
As you can see there appears to be a leading diagonal patter in play. It will be key to see the market react off the upper bound of this diagonal and reverse lower as illustrated by the red arrows.
There are 2 possible plays -
1) Short Oil on the correction but do not expect it to get below $35.
2) Once the correction plays out, reverse the position, conservative stops placed below $35, with a view of riding a strong bull market over the next several months.
